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20121101
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of interest has been happening. israel and hamas came to some kind of a truce for now, we will see it that way. sell the rumor, but on the news. anyway, lots of news as we move into your turkey day, let's get to our floor show. traders standing by on the new york stock exchange, cme group and the nymex. so good to see you at the new york stock exchange. days like today moving into the holiday, half-day on friday, volume seemed to pull back but there is a lot of great news out today, what are you watching? >> the market up 45 holding its gains. we're all waiting for more tangible news, lots more on the horizon. the cease-fire right now, keeping that in perspective. the fiscal cliff, but we have december to look forward to. black friday, cyber monday, these are things that might move the market up in another direction. we will see what happens after we get back to work. cheryl: so many questions i am sure it is so hard to trade because we don't know what is going on. let's go over to the cme. really it is still about europe. we still have problems with greece, still a lot of rhetoric coming out,
of the tension in the gaza strip. over the past week, fighting between the israelis and hamas, rockets along the gaza strip, it's continue to escalate. it's caused oil prices to spike in fear of supply shortage. word on the cease-fire reversing those moves today. again you are hearing signs from both sides, who said cease-fire? who said that? it's just a word. it might be premature. let's get to the floor show with traders at the new york stock exchange cme group and the nymex. we should start with elliot warren who is at the nymex. what a reversal you must have seen. word of this possible cease-fire, again no real support to it but suddenly prices fell. >> well, liz, you know, we talk about this all the time, about how crude is really a news driven market. you see tension in the middle east, take it up. you know, you take a little pressure off and the market comes lower. they are always looking for a story. there's a little bit more interesting thing to look at in crude if you really want to talk about it, though. i mean there are options that trade on this market. and the upside in crude t
's sharp jump. it's a manifestation of tension between israel and hamas and the rocket battles over the gaza strip intensifies. the uncertainty no doubt stirring supply concerns. we do have oil moving precipitously higher. as important as it is, the oil story takes a backseat with what we're seeing with the rally in equities. let's take it to the floor show, traders at the new york stock exchange cme group and the nymex. ben willis, i like this rally because it is a little bit more broad than what we have seen in the past plus a significant number here of 173 points -- by the way the high of the session up 187. is this real? does this have legs for tomorrow? >> i think it is real.% and for those viewers who are watching us on friday, when i was chatting with nicole petallides, i said the time to buy is when a market is being corrected, and if you have to take a look back sat a chart going back over -- back at a chart going back over a month, you saw this market in a pullback phase. i think that was somewhat of a capitulation to the down side using the election as an excuse, if you w
Search Results 0 to 2 of about 3